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Show THE HERALD, Provo, Utah—Page 7 Home Loans are Guaranteed Unemployment Highest in Nearly 7 Years S NOTE: Ray EDIT( wherecost levels so require. However, nodirect lo:ns will be made after January 31 ssociatic “What Y n B u've Got Coming for US. Vet is the fourth in Ry RAY CROMLEY Enterprise Publications Most Vietnam and other post-Korea veterans are eli- \ US. S Veli gible for home loans guar- anteed by the Veterans Administration. Many Korea veterans arestill eligible if they haven't already borrowed for such purposes and so are most unremarried widows of Vigi.am and Korea and post-Korea veterans who died of serviceconnected disabilities As a veteran you may use a “VA loan” to buy, build et used in refers to any active i gan erans with this series veteran who duty in the which be1964. Vet active duty this period are le for the Vietnam ts outlined, saw no duty Vietnam. u im or improve a home you in- tendtolive in. A loanfor alterations, repairs or improvements to a veteran's home may be guaranteed by the VAif it covers the 1 ropert repairs necessary protection of the r if it will ‘sub. stantially improve” the livability orutility of the home. You must make your own loan arrengements through a bank, building and loan association, By RICHARD LERNER WASHINGTON (UPI) —The government reported Friday On a new homeon which a that unemployment in SeptemGI loan is made, the builder ber jumped to 5.5 per cent, quired to give the vet- highest in nearly seven years, in purchaser a cme-year but the administration's top warranty that the home has economist insisted the nation's heen constructed in substantial conformity with VA- economyis still improving Paul W. McCracken, chairapproved plans and specifiman of the President's Council cations of Economic Advisers, told a Manyveterans are eligible White House news conferer.e for business or farm: loans. that joblessness might go even The VA will guarantee pr! loans to Korea v" aterans a bit higher before it begins to for buying, improvins or ex- fall. panding legitimate business ventures, Though post Korea and 975. mortgage loan company or other usual Jending channels. You must certify that you intend to oc- cupy the property as your home. The lender making a GI home loan is guaranteed against loss upto 60 per cent of the loan, with a maximum guarantee of $12,500. You may extend repayments on a GI home loan as long as 30 years. The down payment and the length of repayment period are to be agreed on between you and the lender The interest rate on VAguaranteed loans may not exceed 8% per cent. The new loans may change from time to time. In addition, most post-Korea and Vietnam veteran borrowers are liable for a onetime not greater than rate on of one per cent of In some parts of the coun- report, noted that unemploy ment “usually falls substantially” between August and Sep- administration's expectation tember because many students that the economy would continue its moderate growth. The 5.5 per cent rate, highest since January of 1964, was 0.4 per cent above the 5.1 per cent level reported in August. It meant the ranks of the unemployed—after adjustment for seasonal factors — had swelled by 375,000 to total 4.3 million. looking for summerjobs return to school. The Labor Department's Bureau of Labor Statistics (BLS), eligible for business loans, men now leaving service who want to set up their own businesses are entitled to priority aid from the Small Business Administration There are SBA Veterans Affairs Officers in the agency's 75 field offices which compiled the BLS Commissimner Harold Goldstein said the monthly survey was taken a little earlier than usual in September and that the total unemployed thus includea many young peopie who wer= about to You may extend repay- control of the funeral procesment of a GI farm realty sion, loan for as long as 40) years, Egypt's acting president, providing you can jfind an Anwar Sadat, collapsed during agreeable lender direct ioans up to $2i, the parade, but appeared later This maximum may be He at the suburban mosque where (NEXT: Job Opport imities.) Nasser’s body waslaid to rest. creased to $25,000 in areas The semi-official newspaper Al TO THE READER: Information in this scvies has been oxcerpted from Ray Cromley's Ahram said Sadat and former Prime Minister Aly Sabry complete, detailed report on the law:ws. Use coupon to order book: suffered heart attacks ... the *| I sources said both men were VETERANS BENEFITS recovering. | c-o (The Provo Herald), Dept.(first three digits your Zip No.) 1 U.S. officials, Western diplo| P.O. Box 489, Radio City Station | mats and Arab leaders agreed New York, N.Y. 10019 during the week that Nasser’s ! | Please send copy (copies) of "WHAT YOU'VE: GOT death dealt a severe blow to the | COMING IN BENEFITS FOR U.S. VETERANS” ot $1.00 each to present peaceinitiative in the Middle East. | NAME On Sunday, the day before he | ADDRESS died, Nasser met in Cairo with | Jordan’s King Hussein, PalestiSTATE ZIP CITY | nian guerrilla commander Ya(Make check to “Veterans Benefits.” Allow three weeks for delivery.) sir Arafat and other Arab leaders to agree on a truce in the fighting in Jordan. The agreement called for the withdrawal of Jordanian troops and guerrilla forces from Amman, a Commission to BIG SAVINGS ON... try, usually rural areas, when private capitalfo guaranteed loans is net available the VA may oe would not sustain a reasonable conclusion one way or other,” he said Thursday. “There is construction activity going on, but I must say some of the stories that have been circulated made a very Internal Revenue Probes Jerry Rubin's Foundation WASHINGTON (UPI) —The Internal Revenue Service reports that yippie leader Jerry Rubin’s tax-exempt foundation filed a reportofits finances on time, but the IRS now is investigating what the organization did with the $13,736 it reported receivinglast year. Rep. William J. Scherle, RTowa, told UPI today the IRS informed him the social education foundation, organized by Rubin in May, 1969, had until Sept. 15, 1970 to report on its income and expenses. The report was filed Sept. 4. Scherle had charged last month the foundation was supposed to file a report hy May15, 1970. Now Scherlesaid, he wants the IRSto investigate the source of incomeand how it was spent. “T talked directly with Mr. (Randolph) Thrower (IRS commissioner) and I requested, and was assured, that a complete investigation and report would be made regarding the activities of the foundation,” Scherle said. The foundation, based in Nw York and operated by Rubin's wife, Nancy Kurshan, won IRS tax-exemptapproval on May 23, 1969 onits claim it was formed “to provide relief of the poor, distressed and underpriviledged,” amongother things. Rubin also signed over all royalties to the foundation from his book “Do It'’ which urges young people to revolt and leave their homesto join a new revolutionary society. the big mountain out of ‘what at country and the release of all present is a molehill, Hiven the prisoners taken during the factthat it is a Russia facility fighting. is subject to question.’ In spite of the Church, chairman of fhe Sen- sporadic fighting was reported ate foreign relations suby2ommit- in Jordan throughout the week. tee on Western Hemisp/here a Thirty-three American hijack fairs, invited the ent Senat hostages arrived ir New York to the closed briefing by te Monday after a a flight from Defense Intelligence Agency. He Rome where they were greeted said about 10 senators zittended. by President Nixon. The remaining six hostages, all Chairman L. Mendel Rivers, D-S.C., after the Pentajyon’s an- American, were turned over to nouncement last week that it the Red Cross in Amman on was possible a Russian nuclear Tuesday. submarine base wasbeiig built, President Nixon began a said he had no doubt aloout ex- European tour with a first stop istence of the base. in Rome where he pledged to maintain the American military presence in the Mediterranean. Nixon met with President Tito FAA SaysIt Has No Plains To Ground 747 JumboJet WASHINGTON (UPI)—The Federal Aviation Administration said Friday it is not considering grounding 747 jumbo jetlirers despite fire and explosions in engines of two of thejets. Acting FAA Administrator Oscar Bakke said the 365passenger plane had some engine defects but that “we don’tfeel any of these problems would result in anything catastrophic.” In reply to a question, Bakke said “no plan ever surfaced”’ to ground the plane. 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And on Wednesday, an investigator for safety critic Ralph Nader accused the FAA of withholding information on the engine defects, Bakke said a governmentindustry task force has been of BIG SAVINGS, NOW! All Whirlpoolappliances reduced for our Big Anniversary Sale. Save now. Beat in- oversee the truce, a return to WASHINGTON (UPI) — Sen. Frank Church,D-Idaho, says the United States does not yet have enough evidence to determine if the Russians are building a submarine base in Cuba. “T think the present evidence *Monday they were married in Chicago in 1945 but have lived The BLS report on the jobs apart since 1956. They have cne situation was the last before son, Alexander, 21. Mrs. Ives, the Nov. 3 generalelections and 4, is a writer in New York . since 1947 we have served the people of Utah Valley. In an attempt to say “thanks” for your patronage, we are putting sale prices on nearly every item in the store. Come in and experience the gigantic savings in every department Abdel Nasser, who died of a heart attack on Monday, was laid to rest. Police and army units were unable to control the wailing crowds, who took Sen. Church Says EvidenceStill Not Conclusive on Alleged Russ-Cuba Base civilian administration in Helen Peck irreconcilable Ives, 61, said in the suit filed WITH US OUR 23rd ANNIVERSARY! Thursday as tie body of Gamai the post-Korea periotl ‘ce against his ast INVITES YOUTO.... Millions of mourning Egyptians lined the streets of Cairo eran you are eligible for a VA guaranteedfarmloan. It is li you arestill eligible if you served in Kore:a or in LOS ANGELES (UPI)—Ac- tor-folk singer Burl Ives has In Review By LLOYD F. TIMBERLAKE United Press International are a Vietnam vet- Ives Files Suit 1 25 anged at 3 per abandon their search for a job, Democ The Week Vietnamvelerans are not yet It But he said President Nixon shared his belief that the latest data “does notindicate that the economyis moving off to some sort of disappointing dogleg” and does not change the PHONE: 373-1263 a a |
